Share Name Share Symbol Market Type Share ISIN Share Description
Hutchison China Meditech LSE:HCM London Ordinary Share KYG4672N1016 ORD USD1
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.50p +0.07% 3,470.00p 3,435.00p 3,505.00p 3,470.00p 3,467.50p 3,467.50p 982 10:09:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 175.0 -38.3 16.2 224.9 2,107.51

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Date Time Title Posts
22/7/201709:30(Chi-Med)Hutchinson China Meditech Limited953
13/6/201707:54Hutchison China Meditech- CHARTS AND DISCUSSION74

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Hutchison China Meditech Daily Update: Hutchison China Meditech is listed in the Pharmaceuticals & Biotechnology sector of the London Stock Exchange with ticker HCM. The last closing price for Hutchison China Meditech was 3,467.50p.
Hutchison China Meditech has a 4 week average price of 3,437.50p and a 12 week average price of 2,905p.
The 1 year high share price is 3,657.50p while the 1 year low share price is currently 1,782.50p.
There are currently 60,735,104 shares in issue and the average daily traded volume is 3,435 shares. The market capitalisation of Hutchison China Meditech is £2,107,508,108.80.
nerdofsteel: "The relative ignorance in the US about the company’s potential makes it a great investment right now" This article offers a great perspective for those looking to invest for the long term, and by that I mean 5 years + And it is the U.S share price that mainly drives the UK share price now, as volumes are usually bigger on NASDAQ
storm8: There is an article in tonight's London Evening Standard confirming the progress Chi Med have made and the Phase III trials of the cancer drug Fruquintinib, and probably one of the drivers for the >3% rise in share price today. I hold and will continue to do so.
hamsterdam: Yeah, thought it would have moved the share price a little though
nerdofsteel: The LSE share price tanked because the NASDAQ IPO (2 x ADR's per AIM Ordinary share) was priced below what was originally expected, presumably because the Institutions taking up the offer wouldn't pay the full price. The effect was the London share price tanked overnight. Now Institutions are starting to buy on NASDAQ, because they can see exactly how valuable the pipeline is and that this Company is unique in the Biotech space eg. it actually generates cash. The bb is quiet because there are very very few Private Investors, most are instutions (it is Mark Slater's largest holding in his growth fund. CK Hutchison hold 60%. IMO most private Investors do not invest because drug development is a very very long term game. However, after 14 years we have our first drugs coming to the market next year and these will be Blockbusters with peak annual sales potential of $100's millions Looking at the sales forecasts, using standard valuations of P/E, P/S, nett margis etc it is my view we will have a mcap in excess of $10bn within the next 5-10 years
nerdofsteel: Thanks Steeplejack, I noticed that I have a model which uses a range of criteria to value the Company based on blended Biotech and Pharmaceutical averages of P/E, P/S and nett margins, amongst other metrics. Based in what is a very conservative revenue number of $657m, which assumes Savolitinib and Frquinitinib get BT for certain targets and only achieve 50% of forecast peak sales my valuation figures are:- 2020 Revs $657,000,000 EPS $1.56 P/S 10.92 mcap $5,902,845,408 ADR Price $48.66 Ordinary share price £76.63 (2 x ADR) Moving from 2020 towards 2025 and 2030 the figures become even more interesting. The only thing that may hold back some U.S. Institutional Investors is that there's little if any chance of the Company being taken over, unlike small U.S Biotech's that often get a single drug or a couple of drugs to market then get swallowed up by a major player (Baxalta is a great example)
steeplejack: Written up in latest IC -In our view, the high potential of the clinical pipeline makes Chi-Med a very attractive investment proposition and recent share price weakness offers an excellent entry point. Plus, as the group closes in on commercial launch it is likely to grab the attention of more biotech-savvy US investors and that could drive the price up further. Buy.Investors Chronicle 2 Dec
miti 1000: Very good news this morning though you would never guess it from the share price.
steeplejack: Hopefully that will be the case and the healthcare sector is a bit perkier of late.That said,I find it hard to dismiss the idea that we ,the U.K. holders,got well and truly stuffed by an unexpectedly large placing discount in the USA.We also have to contend with the vagaries of currency moves.Future financing will almost certainly be concentrated in the States.Moreover,it's worth remembering that there's no bid possibility here,this is effectively a close company. The price is a third off its highs.I occasionally consider just kicking the stock into the long grass because it's going to be a long time before the stock hits any new highs.No bid,no yield,it could be heavy going even with reasonable trading updates.When they did that US placing,they behaved like a company majority owned by Hutchinson,they didn't give a fig for existing UK shareholders.The past is the past,it's the future share price I'm interested in.
steeplejack: I think that explains the sharp drop in share price some weeks back.The intended pricing of the ADSs must of leaked out.An equivalent London price of £19.42 is a sizeable discount to the existing AIM price.I'd be surprised if we didn't see a few taking a quick profit in the US.Maybe,it was optimistic but I thought (especially given you can get a slug of stock)they might get this placing away at nearer the AIM price ie £22-50 odd.Not to be.I can see them doing the greenshoe,additional placing,in full.Who the hell wouldn't want to go for that at a discount to the London price of getting on for 15%!Nonetheless,they've done the issue in a difficult environment and have a listing in the US which will no doubt prove to be the primary vehicle for any intended fund raising in future years (as it has proven for GWP). "7,500,000 ADSs were sold in the Offering at a price of US$13.50 per ADS, and the offering price is thus equivalent to approximately GBP19.42 per ordinary share (on the basis of an assumed exchange rate as quoted in the preliminary prospectus of GBP1.00 to US$1.39). Each ADS represents one-half of one ordinary share of Chi-Med. The ADSs have been approved for listing on the Nasdaq Global Select Market and are expected to begin trading on March 17, 2016 under the ticker symbol "HCM." Chi-Med's ordinary shares will continue to be traded on the AIM market of the London Stock Exchange following the Offering under the ticker symbol "HCM."
hamsterdam: Any likelihood HCM decide to delist from the AIM and focus on Nasdaq only? That's my biggest worry as it may hit the share price hard.
Hutchison China Meditech share price data is direct from the London Stock Exchange
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